Cable Update (GBPUSD)

Quoting Nordling00

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US Inflation data came higher than expected earlier this week, today retail sales came a lot higher than expected as well. Also Jerome Powell said that FED will continue dovish policies until 2022. On the other hand GBP is performing quite good even though AstraZeneca news delayed the rally. I think from now on we will see GBP/USD moving higher especially if UK inflation data comes low next week. I am bullish.

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Quoting Sang.Real

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{quote} GU My position are not doing well In negative region. Bear in control. Need to review all position. Two position in negative, one in positive Wait for H1 to close {image}

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Quoting Sang.Real

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{quote} Nordling Thanks for the info Sir I will hold to my long position And maybe add couple more to make it goes higher. Green pips to you Sang Real

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Quoting Sang.Real

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{quote} GU Maybe , if I add one more long position, price may want go up. ? Let's give it a try. {image}

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Quoting Nordling00

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{quote} You are very welcome sir! Keep an eye out for the next week's UK inflation data, that can change things other way around. Green pips to you too and Ramadan Mubarak my friend!

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Quoting Bones

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Peculiarly CPI isn't a good measure of inflation ,but still it gets to the point you can't hide it. Retail sales would literally be what they sold, I'm thinking that would be the better gauge to where we are at. Why scam CPI numbers? 1 social security 2 gov workers wage 3 military retirees 4 food stamps 5 real GDP 6 adjusts tax brackets a) The past CPI measure is =cost of goods b) The latest CPI measure is =cost of living Which basically means they can adjust any rise rather than an actual rise in price.Theres a human element open to interpretation...

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Quoting Bones

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Of course you could say that retail is the anomaly ,but then theres other things that are happening which are not easy to change also The money thats been dropped will not disappear after a month of spending ,which I've researched & posted to great extent. So high probability when US opens fully all that can happen is the money movement will ramp up or you think it can open and the opposite happen? {image}

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Quoting Sang.Real

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{quote} Mr Bones Sirs, I like your insights into the trading issues, and thoughtful. I hope you continue with it. And thanks for your precious insights based on real trading experience. I hope like many others that you might continue to help with your vast experience and deep understanding on trading. Best wishes and God bless you for your kind spirit on helping others. Thanks and Regards Sang Real

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Quoting Sang.Real

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{quote} GU Maybe , if I add one more long position, price may want go up. ? Let's give it a try. {image}

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Quoting saninvestor

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{quote} Seems DXY is about to change direction... Be careful with long side on GU!{image}

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Quoting saninvestor

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{quote} If DXY hold 91.72 , It will continue bullish tomorrow... {image}

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Quoting saninvestor

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{quote} If DXY hold 91.72 , It will continue bullish tomorrow... {image}

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Quoting mysterio

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{quote} DXY will continue bullish, or GU ? I said before, I believe this demand level will hold on dxy. As bones stated, the divergence and pinbars on this level gave me the confidence to short 1.38 area.

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Quoting dimitricss

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still hold my short since yesterday... 1.3794 dooowwnn you moth***fu*****

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Quoting Bones

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{quote} agree {image} {image}

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